Charlty Reglstration Nwnber. 1153686 Little Stsrs Earty Years Financial Ststements For the Year Ending 31 August 2023 JANE ASCROFf ACCOUNTANCY LIMITED Chartered Accountants Enterprise House Hannire ErrteTprise Park Bamard Casue County Durham DL12 8xr
Little Stars Early Years Year Ended 31 August 2023 P•g• Trustees, Annual ReKTht Indepen( Exane¢S Rewt to the Twstees ststement of Financial Posth Notes to the Financial StateMts Th• Followlng Page8 Do Not Forni Part olth• Flnancl•l 8tat•mwts 17
Little Stars Early Years TnMtO05' Annual Rep(xt Year Ended 31 August 2023 The trustees present ther report the unaudtted stalwnents d the charity for the year ended 31 August 2023. •ctlvo8 and Actlv Our ctwity's purpose as set out in our Consbttth we: - For the benefft of the publ. enhaNrt of the dkment and education of children of pre s¢hool age. by providing communty groups ar fadths for reuealion and kning designed lo meet tho needs of suth chiklren afKI their parwts in the North Fast of EngL8nd aThJ els&vhwe as Ihe trustees from tsme to tKI think fiL A¢tlvrt Littte Stars Earty Ythr8 crffers a raryè of seThK•s to kxxl f11 These be catw•J into the fdlowng group8". Pre irKlud80 tho pro¥7aK d OFSTED rerwJ. qualty 18 educatk)n for children from the yi of 2 to 4 years. Stay arKI pkny goups.. sessK)ns where parents arKt GhihJrert w access 9)od qualfry resoure•s and ath"viti8s in a safe. and wek¥Jming environment. The sess5 are open to all fwnilies Irom pregnancy thtough 10 school age. We offer the opportunty for frTrshiP and SUPFQrt. Sonsory 888s.. wh includes the dglivery of nKured and 8emi 8888lons in tho local leisure contrgs purpcAe built sensory rcrt)m. These ses8h)ns are open to families with thikjren frc lyrth to school wJ8.
Little Stars Early Years Ye•r Ended 31 August 2023 A hlovomonts Numbers thts year have Ireased from last year and have been sustained throughoLrt the year. Families omtinue to tcp up thair frJnd&J l¥yJrs With pawl sesswyts, ThKJsty to U813 full days of care. We cOntUe to have famibes pay fully for their We had minimal chiklren leave for schwl thts year and nwTtss th8 year 8Ke very p)sitNe. expect to Èe ck)se to full by April 2024. We have receiv8d ftjnding for 1 LikJ thrTh SEND fvndir¥J. We provKled the slaffing for this enhanced provIsn. have wow dosy with colbeague5 the sensory team to Support a deaf child in 8etttng. IN8 did not daim aJ¢ktional frJThJing them as we fdt the support recewed from the sensory tearn akmg with Qualty First Teathing in setting provKled them wilh sLrffiCnt levels of support for them to make gOLxI progress. DAF fijrwjing has also been receEved this year. This has Staffing has remained generally stable xross the first Iwo terms. A member of $18ff left for another 8etbng at the end of the Kadam year. We are yat to repl them as rrent staffing has beo adequate. The Bo¥rd of Trustees fwnain$ constant wth gxwj inpuL Attendan( 8t me8ting5 1¥ ewInI. Our We have wcee881ulty agreed tyJr aGe wilh Durham County cou11. This has been a long dr84¥n out process tsjt the se is n(yw formalized and offrfs a 5 yew18ase with a breth dau88 at 3 years. Thi8 offers us more stsbility in our future and alky us to cany (YJI more Srg frjture planning. Eaty Years Pupll Premium fvnding has been1885 Ihts yaar tMJt o)nbnuod to alky us to offer a trip for our families. The funding allowed us to pay for the bus. Duè to increa88s in costs we were onty able to afford to fvnd the bus and famil o)vered the full a)st of enty to lh8 fami. The was very well attended and feecl)ack from frdmili88 was very F)silive. We ¢ontinue to wovth a txxdt for each chikl to gr4? 88 a gft blthty. This is iftlin8 Wth our commthient to dosing the Word gap foi our chiklren. Our Chri8lmas party was held at the kol kn'8ure centre and was paFtialty funded by again by a kncal buwn85S. We are aware of expected changes to thildcare provision in the upojntng year as th8 govemmenl expands ts offer to familw, in partlar t4Yyking fwnilies. A8 we are exp8cbThJ next year to be parts'cularly busy we are investigatirvJ ways that we expaTrJ our provision to mèet th8 expgcted increase In demand and al80 to better meet the negds of (r famil. This may include tncreasing our houts to longer se88icw. The 8etb"ThJ will, h¢7T. rBm8in a$ a twm tme lY setting. children vthi¢h otherwise woukl not b? Kx)$8th.
Little Stsrs Early Years Trtee. Annual Report {¢J} Y•w Ended 31 Augu8t 2023 Flnanc l Revknv The main sources offunding during th8 year were: . Chikkare fees and funding £85.911- incxxY fr¢Yn the state or to u)ver thikl(e KvIsIonS.. The accounts shcY4V a net det after all costs of £13.925 {2022 - deficrt of £21,179). This bnngs the totsl unrestricted regeThw canied f(Mwwd to £123.510. Tr chanty aim5 to rnaintan reserves at one academic temis Tunning costs to ensure the cajnts.nual smooth orooing running of the service$. Thls equates to approxwnateky £37.731 at 31stAugust 2023 The additional reserves are being hekj to SUFPtyt the Drk this y and increasing 8taff costs over the next few years •rnncé *nd Ma Gov•rnlng Docum•nt Lth Stars Earty Years is a Tegistored dwity (No 1153686} is gov8m&J ty a 110ment of constilulion. Rocrultment and AppolDtmgnt of TnAt• The organisan seeks lo maintain a tK)ard of trustees wlv) can add value and ContrUte to Ihe delivery of the service. Trustees are invited to attend a meetsng of the Board of Tnjstees before being fom)alty aFwinted. New trustees are offered individual indUcn$ and guKlance on their role ty the Chair, Treasurer or Chief exrtiVe, at the point whèn thty agree to join the tx)ard. Tru8tee8 are appointed by ele¢th at thè Annual Ganoral Meetiry or at the trustee meeting•. Organl8atlonal Structs Day to day management of the charity wa8 dewted to K Luther. CEO. The boaril of trustee8 moet every aca¢thic twm &)d ffAintain regulaT contxt wth Luthor throughout the year.
Llttle Stars Early Years Y•ar Endod 31 August 2023 Charlty rvgiBlratk•n numb•r 1153686 PrIncI1 ofllco County Durtwn Julie Relf Kate LLther Laura M¢Main Stephen Wallaco Joanne Br(Th Ind•pgnd•nt Exwnln•r ja Ascroft FCA MA (Canth) Enteryyiee HcSe Harmire Enterp Parf( Bamard Ca County Durt DL12 8xr trustees by.. aThJ on behalf of th& Lard of Julie Relf Trustse
Little Stars Early Years Ind¢pend•nt Examlnorfs Roport to th• TrllBt• of Litde Stars Earty y Year End•d 31 August 2023 I repxt to the truslees on my examination ol the Statwlts af Lrtk Stars Eaty Years (Yie charity'} for the year ended 31 uSt 21r23. R8spon•lbllltlos and Bath of R•port As the trustees of the chaiity you are resp)nsbk for the yeFallOn d the fmancial ¥tateffEnts in acxordarte wrth the requirelnts the Chariks Act 2011 (Ihe Act,). I report in respect of my examinat#)n of the charrtls financ4al statem carrEd under 8ectK)n 145 of the 2011 Act and in caThying out my examlrw1 I have all the appIable th'redi(M73 given ty the CharÉty Commi88ion under Secti 145(5)(b) ofthe I have completed rny examinatA?n. l a)nfim that rK> Maten matters have ciyr to my attèntion in 8ccounting rKLYds were rK>t kept in fe8P8Ct d the chanty as requlr& by Section 130 of Act.. or the financial statern do not c¢Jwty wilh the aFplicablg requirements conceming ihe fomi and conlent of xcounts sgt wt in the Chanties {Acccwnts and ReFK>rtsl Regulalk)ns 2008 other than any rgquiremant that the c4)unts a 'tr and fa vitr which is not a I have no concern8 and have (xfflg xross rn otlw mattern in conn1) *ryth the examination to whh attention should be drawn in this report in ordgr to enablg a proper understanding of the accounts to bo weathed. Jane Asuoft FCA MA Icanlab) Indepgndont Examiner Enterprise Hwse Ham)ire Enterpri8e Pa 8arnard Castle County Durt)am DL12 8XT
Little Stars Early Years StatOM of FlnanGial A¢tl¥6tl•s Yoar Endod 31 August 2023 2023 2022 funds fvnds Tolal funds TO funds Donations and legaci8S Charitable aL#ivrt Other trading aclivit Total Incom• 240 240 103.138 400 81,422 381 103.138 103,803 240 104.043 2,203 Exp•nditur• Expendrtuft charllable aclivities Totsl •xp•ndilur• 117.736 232 117.968 103.382 117.736 232 117,968 103.382 N•t •xp•ndltur• and n•t mov•m•nt In lunds {13.933> {13,926) {21,179) Roconclllatlon of fvnd• Totsl funds brought forward Total fund• c•rrl•d foThvanl 139,782 125,849 2,717 2.725 142,499 128,574 183.678 142.499 The 8tatement of fuwicial activities indudes all gain8 aThJ k)88es recowi8ed in the year. All in(aTh and expendiknre deriv• frc¥n contsnuirwJ ¥tsvrts"ès. Tho notes on pag•B 8 to 16 forni part of th0•0 flnandal StatoM.
Little Stars Earty Years 31 AugU8t 2023 2023 2022 Fix•d Asset8 Tangible fixed assets 13 1.756 2,339 Debto Cash at bank aThJ in h 14 126,054 127,523 157.880 157.880 Credltorn: amounts falllng du• *4thln year N•t Cufvent A•sel• 15 17,720 140.160 126,819 128.674 Total A•s8ts L••8 Curr•nt Li•biliti 142.499 128.674 142,499 Fund¥ of th? Charlty Restricted funds Unrestr funds 1725 125,Wa 128,574 2.717 139.782 142.499 Tot•1 chaflty funds 18 , and are gned on bghall d the lywd by.. Julie elf Tru8teo
Little Stars Early Years Notes to tho Flnanclal Statwnents Ended 31 August 2023 The charity is a public tenefft entity and a registered thanty in EnglarKI and Vlaks and is unincorporated. The ad(koss of the wn(4HI Offi¢ IB 14 Crngsth Ck>Ae. Srthnyffbjor. County Durham, DL16 7SD. Slatement of Compllanc• These financ4al statem have t)een prepareil in (>>nplian with FRS 102. Tr Financ1 Reporting Standard applicab in Ihe UK and the Republ of Ireland.. the Statement of Finanaal Reportsng Standard applh3ble in the UK and Rewblic of IrelarKI (FRS 102) (Charit SORP {FRS 102)) and the Ch¥its kt 2011. Aecountlng Polici Bash ol Pr•paratlon The financial statettts been on the hi8#)ncal o)8t ba8ts, a8 modified by the r6valuab.on of certain finanL)818888ts and I1111$ inbr¥tsT measured al fair value through m¢xyno or exp8rvJthre. The financial statements are prepared in eding. 7hkh 1$ tho functw)nal currey of the entity. The ontity 18 a 88nefft Entity. Golng Conc•m There arg no material uncertamties thut the abdty to ¢J)nknu8. Judg•m•nts and Sourc•• ol Estlmatlon Une•rt•lnty The prepath.on of the financ3al statements requires manwent to me judgements. estm8tos and a8sUrnplKY that affec the wnounts reported. These &b"rnate8 and judgements are conlinualty rnvwed and are based on expen and ollw factors. induding expectstion8 of future events that are believed to be reasonable undor the circum$lances. The Trustees consider that there are no spJnrfKt eth"matss or affecbThJ the8e fin8naal statemen Fund A¢wunllng Unrestrth funds are milable use at the discrth ol the tNste88 in furtheranca of th8 purpcws ofthe charity.
Little Stars Early Years Notss to th• Flnancial Statomenl8 Year Ended 31 August 2023 Accounling Polkles (¢wJth4Md) All Inr is inclu1 in the Statem of wlw dlarity is entit18d to inc(ne. any performano rElated c(dItionS attached have been met or are fulty within the control of the charity. the 41come 15 ecKther& probable and Ihe amount Can b8 quanlffied with Incom8: Donab'ons and W income is 1%d by way of donatKms, legxw, wants and gifts and is included in tsll in the Ststement of Financial Actrvrts when eNable. lAtrfe k98c$ have l)een nOtTrfd to the chanty but the criteria for irKome Teco3nitKm have not been met. the legacy 1$ treated as a conts'ngent asset and disch)sed rf matwvl. Gwts, where enttuement is not conditional on the delivery of a SFV)k Perf0m by the charity, a reCgnISed when the Charity bocoM Ud1{KNHty enttsj to the grnnt Donated 8ervKv and f8cilitie8 are included at the value to the thwity, being the amount the Ghanty woukj have been willw to psy to ot)lain ¥er¥Kx8 f8cli1 of equNdent economic benefft on tho open mark Investment irK(Yne is includ&1 1¥th. InCe from charitable traling is wyxwftted for tfvthen ewn•J. Ino)me from grants. whwe related lo perf0mnCe and speC d81iverth. are xcounled for a8 th8 chanty eams the lo cons#Jer811)n by rts performance. ExndItm Expenditure is recognised on an accruals ba8is as a liallty is incurred. ExpdItle Includes any VAT which cannot be fulty COve, aj is rep(ffted as part of the expenditurè to whtch it relates.. Costs of raFsing fundy ccryrise the costs aswuated wilh altrathg dallonS. 8TrJ lagac and the costs 0ftring for furKlrawng purwsos. char18 expendtiure comF)risey those cost8 by the chaFity in the delivery of rts actwths and services for its benthIas. It Ind both co¥1¥ that can be allocated directty to such and th08e c¥)sts ofan iryjirect nabjre necx88ry to 8UPWt them. Other ex[dilUre Includes all endthir8 ttt is neither relad to raising furyls for the char All costs ale allocated belween the eyndiiure catewrw of the SOFA on a basis designed to refiect the use of the resource. Cosls relating to a partIlar acvty are alkxated dwedly. Oth8 are apportioned on an apprcyriate basis. as *t out in the notes to the actojnts. Tanglble AMel• All fixed assets are inittaty at (x
Little Stars Earfy Years Ymr Endod 31 August 2023 Accountlw PolKIos Depreciation is cahjslaw rJO as to wriie df the ¢J)st or Valuatw d an asset. less its residual value, over the uselul eecrtrn life ofthat asset as follNs'. Equipment Impalrni•nt of Fix•d A••ots nt n9 estimated where such KKltstots extst. Vthere the caryin9 value exce&ts the recov8rabl8 amount. the asset is impawthd x¥dmy. Prw impwfftts are also reviewed for sSile reMpTsal at e&h reFthThJ dal8 For the PUFPOSeS of impaim)8nt tesliw, Wh rt is not wwble to estimats tho racoverabb8 nount of WKINKlual asset. an estimate is mwje of the recI)Verab amount of the cash-generating unrt to whth the asset tron The cash-weratirq unlt is the Smallest ntifiable group of as¥ets that indudes the as8et and generates cash inllovrn that largety For impairment tesb'ng of geIll. the acquired in a business c¢xnbination is, frorn the wuisition date. alloc4ted to eh of the cashènèrthng units that are expethd to bènefft frc the Synergw of the combinat. irrespeth of whether other assets or liabilitses of ts Charity are a$sned to th08e unil8. Flnanelal Intr1 The ¢hanty onty ha8 financial a88ets and liobililw of a kn'nd that qualfy 8s ba8iG financial instruments. Basic finarKial instruments are in• re(¥)wwd at transacbon value and subsequently measured al their settler1 valug. tl•fin•d Contrlbullon Pl•n8 Contrbutions lo defined ntr)Ubl pkns arè reccenised as an expenae in thè period in which the related Ser¥e is promded. Prep&d contribLrtKins are reccw3nised a5 an 888et to the extent thot the ppayrnent ill to a r•Jud¥)n in luture Fmts or a refvnd. Imien contrthtions ore not expected to be settled wholty within 12 monthg of the end of the reporting date in Yknich the enwknyees Tender the related semce. the liaknlity is measured on a discounted present value bas. The unwinding of Ihe diso)unt is reco3nised 83 an expen8e in the penod in whith rt ises. 10-
Little Stars Earty Years Nots• to the FlnanGial Slatem¢nts (tofflthn Yw Ended 31 August 2023 Debtorn Trade and other detkns are rwnis&l at th& settsamwt amount after any tr* discount at the balance sheet date. Ca8h at Bank and in Hand Cash at bank and cash in hand irttudes rash and short temi highty IiquKI in%estments short matunty of three months or kn from the date ol wuisitth or OFenmg of the deposit or similar acxount Cr•ditorn that will probabty result in the trsfer fvnds to a third party the amount due to settle the obluatjon b& mgasured or e8tirnated feliabty. CTedilofS arg nomlalty reCognd at their setdement amount after alkfvviTrJ for ary traje disC>ts due. Taxatlon The comnY is CA)nth to pass ts t08ts Set out in ParagW 1 Sthedul8 6 of the Financ• Act 2010 and therefore rt meets the dèfiniti'on of a Charitabl8 curyny for UK corporats'on lax pvrpo8es. h£eordirvJly, ttrw ctsnpany is exempt from ta¥8tKJn in re8P8Ct of income Of cawtsl gains rocoNed withFn categorts cover&J by Chapter 3 Part 1101 the COrFthat7 Tax Act 2010 or Sectvjn 256 of the taxatKJn of chargeab Gains A(a 1992. kn th8 extènt that SL income or gajns are exdusNety to dwtable purp)ses. Donallon• •nd L•gaclo• Unrestl•j Re8tricted Total Funds Funds Funds 2023 Gronts Other grants Unr88lrthJ Restrithl Tolal Funds Funds Funds 2022 Grants other grnnts 400 11
Little Stars Early Years N¢)tss to th• Flnanclal Statoments Year Ended 31 August 2023 Charitable ActIvIa$ unreStnC Total Funds Unrestricted Toial Funds Funds 2023 Funds 21J22 Chilthare fees and funding 102,9)8 230 101W8 80.740 682 80,740 682 103,138 103,138 81,422 81.422 Oth•r Trading Adl¥tt Unre¥trcW Total Fund• unrestric Totsl Funds FurKI$ 2023 Fund5 2022 Fundraising 381 381 Exp•ndllurn on Charftable Actlvltl•• by Fund Typ• UnmirLted Restri Totsl Fund• Funds Funds 2023 See analysb on page 17 117,736 232 117,968 Unrestrthl Restr Total Funds Funds Funds 2022 See analyw on p3p 17 103.382 103.382 E%ndItur• on crabl* Actlvltl•• by AcU¥lty Typ• undertsken T(¥tsl lund8 Totsl fund directy 2023 2022 So8 an4tyS M page 17 117.968 117.968 103,382 N•t Exp•ndltur• Nel eypendilure is stated aft6r cknargsrg1(cxedlbrwJ): 2023 2022 779 10. Independent Examlnatlon F• 2022 324 324 -12-
Little Stars Early Years Year Ended 31 August 2023 11. staff Co8ts 2023 2022 Wages and saries Empbyer eixthbulions to pwHion pl5 88.281 2,905 91.186 80.627 1,318 81.945 The average head count of emFAoyees durirvJ the year was 612022.. 6). The ayarage nuner of full.time equivalent emF4oyees during Ihg year is anatysed as foLky•ts.' 2023 2022 No. Numtr d staff No employee received effybyee of m(Ye Ihon £60.(M)O during thè yew (2022.. Nill. 12. Tru8to0 Romun•rntkn and Tm8tee8 eVed expenses durh19 the permxl. On• trusts?, Kate Luther. was omployed by the charity aThl recetsed a gro38 £33.008 (2022 . £31.990) during the year. During the year the charity paKI £67812 - £521) to Awlau8e knuntancy Servw Limited for payroll 8ervices. Ckne of the trustees. Juli& R¢lf. is a dnctor d AuSe knjuntancy ServreeB Limited. 13. Taftglbkn Fix•d As8•t8 Equiwwnt Total C¢)ffjt At 1 S•pt•mb•r 2022 and 31 Augu•t 2tr23 At 1 Seplemiw 2022 Chaffje for the year At 31 Augu8t 2023 C4rrylng •mount At 31 AuguBt 2023 At 31 Augu8t 2022 6.111 8,111 584 6.695 6,695 1,755 1,755 2,339 2.339 14. D•btorn 2022 1J69 -13-
Little Stars Earty Years Year Ended 31 August 2023 18. Credltorn: amounts hlling wlthln on• year 2023 2022 300 17,297 423 17,720 16. D•f•rr•d Incom• 2023 2022 At 1 September 2022 Amount released to IncMe Amount deferred in year At 31 AUgt 2023 16.997 116.997) 18.632 (16,632) 16.997 16,997 17. PoMlon• •nd Oth•r Po•t R•¢lm*nt B•n•flts D8fined contrlbutlon pl•n• The amount rwnL8ed in incomè or eXrltu 08 an 8ypen88 n rnlabon to dgfinod ntrtsrtion pkn was £2,5 (2022. £1.318). 18. Anaty•kn 4Jf Charltabh Fund• Unr••tr1C fund• At 31 August 2023 2022 Ex[Wdre General fvnds Capltal fund 137.443 2.339 103.803 (117.736) 123.510 2.339 126.849 139.782 103.803 (117.736) At At 31 August 2022 2021 General funds Cathl fur#J 157.843 3.118 82.203 (102.6031 (779) (103.3821 137.443 2,339 160.961 82.203 139.782 -14-
Little Stars Earty Years Y•ar End•d 31 A9¢ 2023 18. Analy•ls rrf Charltabh Funds Ra8trf¢tod fvnd8 At 31 August 2023 2022 IoMe Exditure t)CC Sustsinabiknty grant OCC Capilal grnnt CDCF grant Groun¢thADth grant 1,229 1,229 240 (232) 6fA 2.717 240 (232) 2,725 At 31 August 20 22 1 Septwnber Inccff EXpendIre DCC Sustainabdty grant CDCF grant Groun(tworf( grant 1,229 654 2,717 2,717 The rn8lrlc lunds are forthe fc41cwAng purF*)8e8." The OCC Sustsinabilty grant is t(YrdS ren( resources and fvrnlre The grant from County Durham Communty Foundalion ts for Ing. 19. Anaty#l# of Not A•o0ts B•tw•m Fund• Unr8slrthl Restric Total Fund• Funds Fund8 2023 Tangth fLX8d 8888ts Current assets Credrt0 less than 1 ye 1.755 124,798 1704} 125.849 1,756 127.523 {704) 128.574 2.725 2.725 Unrestric Restricted Totsl Funds Funds Fund$ 2022 Tangtrjle fNed 8888ts Curronl assels Creditors les8 than 1 year 2,339 155.163 {17.720) 139.782 2,339 157.880 {17.720) 142.499 2,717 2.717 15-
Little Stars Early Years Yw Ended 31 August 2023 Th• Folkr#lng Pag•• t)0 Not Fom) Part of th• Flnanci*l Statom•nts. -16-
Llttle Stars Early Years Yo*r End•d 31 Augu•t 2023 2023 Donations and l•gacl8• Other grants Charilable activlti Childcare fees K1 furKling 102,900 230 80,740 103.138 81,422 Fundraising inc(Mn8 665 381 104.043 82,203 Expondltyr• 80.627 1,318 10,900 521 4,586 POnsn costs Rent Insurance Legal and profes8vJnal fees Unifoms Depreryatn staff trdining and expen8 Maleriats. resources and xtrrfits8 Equipment ICT and admin o)sts FundTatsing costs Sundry costs Total •xp•ndltur• 15,442 8647 779 130 2,714 956 694 20 137 1.642 624 502 {22} 117,968 103,382 N6t expMdltur• 113,925) {21,179) -17-